Countrywide Financial (CFC) 8-K Results of Operations and Financial Condition

COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES
ROLLING THIRTEEN MONTH STATISTICAL DATA
(Dollars in millions)

	May-04			Jun-04			Jul-04			Aug-04			Sep-04			Oct-04			Nov-04			Dec-04			Jan-05			Feb-05			Mar-05			Apr-05			May-05			YTD
LOAN PRODUCTION
Number of Working Days in the Period		20			22			21			22			21			21			21			22			19			19			23			21			21			103
Average Daily Mortgage Loan Applications	$	1,945		$	1,905		$	2,006		$	2,051		$	2,098		$	1,991		$	2,010		$	1,983		$	2,107		$	2,329		$	2,362		$	2,565		$	2,773		$	2,434
Mortgage Loan Pipeline (loans-in-process)	$	49,675		$	47,317		$	48,142		$	50,024		$	50,887		$	51,990		$	50,638		$	47,768		$	47,842		$	54,774		$	58,803		$	65,791		$	70,491
Commercial Real Estate Loan Pipeline (loans-in-process)		—			—		$	7		$	72		$	109		$	229		$	327		$	308		$	233		$	308		$	393		$	361		$	275
Loan Fundings:
Consumer Markets Division	$	9,815		$	9,804		$	8,841		$	9,288		$	9,164		$	9,666		$	10,183		$	10,440		$	8,147		$	8,520		$	11,418		$	10,944		$	11,895		$	50,924
Wholesale Lending Division		6,208			5,913			5,376			6,102			5,881			6,236			6,775			6,992			5,177			5,378			6,802			5,738			6,383			29,478
Correspondent Lending Division		11,986			11,560			10,405			11,152			10,810			9,846			11,594			13,086			10,254			9,648			13,405			12,275			14,448			60,030
Total Mortgage Banking		28,009			27,277			24,622			26,542			25,855			25,748			28,552			30,518			23,578			23,546			31,625			28,957			32,726			140,432
Capital Markets		1,875			2,230			2,396			1,592			2,123			729			1,082			2,234			2,190			1,050			950			629			713			5,532
Treasury Bank (1)		1,931			2,496			2,686			2,988			3,020			2,740			1,734			1,978			2,477			2,310			3,734			4,819			5,237			18,577
Total Mortgage Loan Fundings		31,815			32,003			29,704			31,122			30,998			29,217			31,368			34,730			28,245			26,906			36,309			34,405			38,676			164,541
Commercial Real Estate Fundings		—			—			—			—			3			48			126			181			247			226			91			112			335			1,011
Total Loan Fundings	$	31,815		$	32,003		$	29,704		$	31,122		$	31,001		$	29,265		$	31,494		$	34,911		$	28,492		$	27,132		$	36,400		$	34,517		$	39,011		$	165,552
Loan Fundings in Units:
Consumer Markets Division		68,759			69,912			63,813			67,019			64,123			67,098			75,600			72,025			53,993			56,651			69,690			66,748			68,642			315,724
Wholesale Lending Division		34,247			33,270			30,710			34,422			32,818			33,390			37,491			38,476			26,805			27,846			35,407			29,500			31,153			150,711
Correspondent Lending Division		65,425			65,668			60,992			64,659			60,219			55,413			68,947			74,305			57,064			51,625			68,324			62,239			72,656			311,908
Total Mortgage Banking		168,431			168,850			155,515			166,100			157,160			155,901			182,038			184,806			137,862			136,122			173,421			158,487			172,451			778,343
Capital Markets		6,740			8,486			9,949			6,948			10,288			2,868			4,523			9,665			10,673			3,582			3,774			2,665			2,430			23,124
Treasury Bank (1)		21,779			26,627			26,236			28,829			28,736			28,081			8,862			13,389			19,904			19,969			33,006			38,171			41,036			152,086
Total Mortgage Loan Fundings in Units		196,950			203,963			191,700			201,877			196,184			186,850			195,423			207,860			168,439			159,673			210,201			199,323			215,917			953,553
Commercial Real Estate Units		—			—			—			—			1			6			10			13			6			11			9			9			23			58
Total Loan Fundings in Units		196,950		��	203,963			191,700			201,877			196,185			186,856			195,433			207,873			168,445			159,684			210,210			199,332			215,940			953,611
Mortgage Loan Fundings:
Purchase (2)	$	14,575		$	17,491		$	17,541		$	17,797		$	17,001		$	14,884		$	15,154		$	16,533		$	12,666		$	12,052		$	16,502		$	16,913		$	19,759		$	77,892
Non-purchase (2)		17,240			14,512			12,163			13,325			13,997			14,333			16,214			18,197			15,579			14,854			19,807			17,492			18,917			86,649
Total Mortgage Loan Fundings	$	31,815		$	32,003		$	29,704		$	31,122		$	30,998		$	29,217		$	31,368		$	34,730		$	28,245		$	26,906		$	36,309		$	34,405		$	38,676		$	164,541
Mortgage Loan Fundings by Product:
Government Fundings	$	1,235		$	1,119		$	1,039		$	961		$	934		$	832		$	953		$	875		$	646		$	695		$	796		$	792		$	852		$	3,781
ARM Fundings	$	15,745		$	17,259		$	17,021		$	18,278		$	21,026		$	16,341		$	16,422		$	18,457		$	15,080		$	14,081		$	19,484		$	19,583		$	21,684		$	89,912
Home Equity Fundings	$	2,272		$	2,787		$	2,838		$	3,056		$	3,164		$	3,036		$	3,061		$	3,148		$	2,732		$	2,618		$	3,413		$	3,519		$	3,661		$	15,943
Nonprime Fundings	$	3,044		$	3,745		$	3,785		$	4,275		$	3,894		$	3,276		$	3,459		$	4,306		$	3,851		$	2,605		$	3,364		$	2,922		$	3,312		$	16,054
MORTGAGE LOAN SERVICING (3)
Volume	$	706,943		$	726,227		$	746,905		$	765,342		$	785,992		$	805,922		$	821,287		$	838,322		$	866,665		$	878,270		$	893,405		$	914,465		$	937,275
Units		5,443,555			5,547,050			5,668,620			5,773,837			5,889,950			6,018,496			6,113,193			6,196,487			6,388,677			6,450,135			6,517,536			6,622,839			6,727,201
Subservicing Volume (4)	$	15,289		$	16,027		$	16,843		$	16,312		$	17,861		$	16,869		$	17,421		$	16,847		$	22,712		$	21,389		$	21,178		$	25,737		$	27,526
Subservicing Units		163,931			163,396			172,602			169,665			174,079			171,273			174,875			171,633			211,025			212,654			207,380			232,972			262,361
Prepayments in Full	$	17,593		$	14,945		$	12,430		$	13,232		$	13,669		$	14,336		$	16,013		$	17,755		$	12,408		$	11,790		$	20,809		$	16,608		$	17,990		$	79,605
Bulk Servicing Acquisitions	$	1,563		$	1,634		$	4,187		$	4,626		$	3,399		$	8,241		$	1,870		$	4,903		$	8,475		$	4,136		$	5,320		$	4,665		$	1,433		$	24,029
Portfolio Delinquency — CHL (5)		3.49	%		3.48	%		3.51	%		3.57	%		3.73	%		3.92	%		3.85	%		3.83	%		3.89	%		3.74	%		3.31	%		3.31	%		3.44	%
Foreclosures Pending — CHL (5)		0.36	%		0.37	%		0.37	%		0.35	%		0.35	%		0.37	%		0.41	%		0.42	%		0.45	%		0.45	%		0.43	%		0.39	%		0.39	%

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COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES
ROLLING THIRTEEN MONTH STATISTICAL DATA
(Dollars in millions)

	May-04			Jun-04			Jul-04			Aug-04			Sep-04			Oct-04			Nov-04			Dec-04			Jan-05			Feb-05			Mar-05			Apr-05			May-05			YTD
LOAN CLOSING SERVICES (units)
Credit Reports		574,524			631,763			630,223			677,931			657,661			660,351			634,685			580,363			695,173			696,309			872,342			807,247			830,477			3,901,548
Flood Determinations		214,494			239,522			243,241			265,888			239,230			237,386			235,665			247,978			233,500			260,748			296,382			287,393			306,636			1,384,659
Appraisals		58,912			59,839			62,732			74,314			78,118			77,388			80,253			82,114			68,309			76,441			97,743			91,952			102,056			436,501
Automated Property Valuation Services		456,663			480,364			467,030			480,329			463,760			477,592			508,451			496,643			496,469			508,279			655,246			574,803			591,654			2,826,451
Other		13,583			15,332			13,252			13,324			13,678			14,430			15,895			17,119			16,027			15,337			18,862			13,938			13,107			77,271
Total Units		1,318,176			1,426,820			1,416,478			1,511,786			1,452,447			1,467,147			1,474,949			1,424,217			1,509,478			1,557,114			1,940,575			1,775,333			1,843,930			8,626,430
CAPITAL MARKETS
Securities Trading Volume (6)	$	292,116		$	314,599		$	266,645		$	240,678		$	287,475		$	239,128		$	260,065		$	260,666		$	248,216		$	256,305		$	324,100		$	254,172		$	296,724		$	1,379,517
BANKING
Assets Held by Treasury Bank (in billions)	$	25.6		$	27.2		$	28.6		$	30.9		$	33.9		$	36.4		$	38.8		$	41.0		$	43.3		$	45.9		$	51.1		$	56.0		$	61.5
INSURANCE
Net Premiums Earned:
Carrier	$	48.1		$	50.6		$	54.4		$	50.7		$	50.0		$	54.1		$	53.6		$	55.8		$	54.5		$	49.3		$	52.0		$	53.6		$	56.6		$	266.0
Reinsurance		13.0			12.5			13.0			13.1			13.6			13.7			13.8			14.3			14.5			14.8			14.4			14.4			14.2			72.3
Total Net Premiums Earned	$	61.1		$	63.1		$	67.4		$	63.8		$	63.6		$	67.8		$	67.4		$	70.1		$	69.0		$	64.1		$	66.4		$	68.0		$	70.8		$	338.3
GLOBAL OPERATIONS
Global Home Loans Subservicing Volume (in billions)	$	111		$	110		$	110		$	109		$	110		$	112		$	117		$	118		$	116		$	118		$	115		$	116		$	111
Workforce Head Count:(7)
Loan Originations		22,400			23,035			23,114			23,680			24,334			24,899			25,203			25,071			25,162			25,183			25,470			26,024			27,076
Loan Servicing		5,864			5,908			5,910			5,920			5,961			6,079			6,202			6,331			6,225			6,259			6,367			6,559			6,783
Loan Closing Services		993			1,019			1,049			1,072			1,100			1,113			1,123			1,146			1,171			1,221			1,290			1,293			1,343
Insurance		1,822			1,826			1,854			1,845			1,881			1,880			1,880			1,899			1,890			1,913			1,925			1,982			2,003
Capital Markets		517			529			540			554			559			566			564			569			569			579			588			592			597
Global Operations		2,064			2,095			2,099			2,144			2,246			2,328			2,332			2,317			2,331			2,345			2,362			2,373			2,356
Banking		956			1,003			1,015			1,083			1,164			1,184			1,213			1,213			1,508			1,562			1,585			1,621			1,653
Corporate Overhead & Other		3,529			3,660			3,814			3,889			4,001			4,033			4,102			4,066			4,075			4,059			4,070			4,106			4,232
Total Workforce Head Count		38,145			39,075			39,395			40,187			41,246			42,082			42,619			42,612			42,931			43,121			43,657			44,550			46,043
Period-end Rates
10-Year U.S. Treasury Yield		4.66	%		4.62	%		4.50	%		4.13	%		4.14	%		4.05	%		4.36	%		4.24	%		4.14	%		4.36	%		4.50	%		4.21	%		4.00	%
FNMA 30-Year Fixed Rate MBS Coupon		5.75	%		5.59	%		5.48	%		5.16	%		5.23	%		5.11	%		5.27	%		5.21	%		5.12	%		5.34	%		5.48	%		5.28	%		5.02	%

(1)	Treasury Bank funds loans for investment purposes; these loans are processed for Treasury Bank by the production divisions.
(2)	Purchase fundings include first trust deed and home equity loans used as purchase money debt in the acquisition of a home. Non-purchase fundings include first trust deed refinance loans, home equity refinance loans, and stand-alone home equity loans.
(3)	Includes loans held for sale, loans held for investment, and loans serviced under subservicing agreements for others.
(4)	Subservicing volume for other clients.
(5)	Expressed as a percentage of the total number of loans serviced, excluding subserviced loans and portfolios purchased at a discount due to their non-performing status.
(6)	Includes trades with Mortgage Banking Division.
(7)	Workforce Head Count includes full-time employees, contract, and temporary help.

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